Uniti upsizes note offering to $1.4B at 7.5%, redeems 10.5% 2028 notes

Uniti Group Inc.

• Windstream Services prices $1.4B of 7.50% senior secured notes due 2033; upsized by $500M from $900M.
• Also pursuing $1.0B incremental term loan at Term SOFR+4% and extending revolver maturities to Dec 30, 2027.
• Proceeds used to redeem $2.4B of 10.50% senior secured notes due 2028 on Oct 6, 2025.
• Redemption conditioned on receiving at least $2.4B in gross proceeds from notes and term loan.
• Refinancing reduces interest cost from 10.50% to 7.50% on the notes, subject to regulatory approvals.